‘No real contrition’: ASIC seeks $17.5M penalty against AMP in fees for no service case

AMP 2022-08-29 9:00 pm By Sam Matthews | Melbourne

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ASIC has told a judge AMP should face a $17.5 million penalty for deducting $356,000 from customers’ superannuation accounts for advice they never received, saying the wealth manager had shown “no real contrition” for its conduct.

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